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20121227
20121227
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FOX Business
Dec 26, 2012 8:00pm EST
the massive spending, $8 trillion in debt obama is running up over the next decade. republicans have several schools. right now they have very little leverage onra this debate over e fiscal cliff because that stuff happens automatically, but the idea of a debt ceiling increasef they told obama more than once if you want a trillion dollars, you will need that eight times in the next decade they will have to cut spending a trillion have to cut spending a trillion eric: i'm a republican, congressman, senator tax pledge to not raise taxes. teo if somebody approaches me and says here is a bill that says if youhi sign this we will cut taxn for 98%, how can you say no to that? my point is this. the administration is winning the war of optics. if they played it this way, do they not win? >> they won the war of optics so far because everything has beene done. done inside closed walls.nd f if c-span, fox are able to videotape the negotiations, the kind of thing we're learning now about obama that i have no interest in cutting spending, just want tax increases. he has been lying about his negotiating p
FOX Business
Dec 26, 2012 11:00pm EST
spending, $8 trillion in debt that obama's running up the next decade. republicans have several tools. right now we have very well leverage in the debate over the fiscal cliff because that stuff happens automatically but the idea of a debt ceiling increase, they've told oba if you want a trillion dollar in higher debt and he needs that eight times in the next decade, you have to cut spending a trillion dollars. >> here, i'll ask you again. 0 i'm a republican congressman and i signed your tax pledge to not raise taxes. if someone says here's a bill that says if you sign this we will cut taxes for 98% of americans. how could youay no? my point is, the administration is winning the war of optics. if they played it out this way, do they not win? >> well, they've won the war of optics so far because everything's been done in camera. it's been done inside closed walls. if c-span and fox and -- were able to videotape the negotiations, the kind of thing we're learning nowbout how obama said i have no interesting in cutting spending, he's been lying for two mons about his negotiationing positi
FOX News
Dec 27, 2012 3:00pm PST
, "obama and the democrats seek increase in debt ceiling as part of any agreement" --" reading the wrong thing. writing to inform you the letter said that the statutory debt limit will be reached on december 31, 2012, and the treasury department will begin taking extraordinary measures by law that the united states would otherwise default on the legal obligation. consider what the majority whip in the house said this afternoon. listen to this. >> this is somewhat like taking your child hostage and saying to somebody else i'm going to shoot my child if you don't do what i want done. you don't want to shoot your child. there is no republican lead they're wants to default on our debt. >> doug: is this productive? >> no, it's not. >> none of this is. the problem is that charles is somewhat right that the letter from secretary treasury geithner is not true and he would never inform leaders in congress we only had five days before we discuss the default. that wouldn't happen in a real world. it wasn't accurate. the speaker told the membership today he thinks it's more like february. charles is
CSPAN
Dec 27, 2012 7:00am EST
it on obama. -- he put us in massive debt, left it on obama. these people sit here and watch these idiots on tv say these things are not true. and then they go and push based on what they're hearing instead of looking into the fact of the matter. host: mr. forbes? guest: i did make mention that spending did increased dramatically under george bush. no matter how you account for the wars, domestic spending under president obama increased very substantially to the point that it is the highest it has been without a world war. theses why we're getting massive deficits today. we have never had anything like this without a major war. you can rightly wrap the knuckles of george bush, but that does not excuse president obama for what he has done. democrats and republicans share blame for what happened with the federal reserve, not calling them to read and counto account. even though i am a republican, i am for candidates who do those things. host: c-span democrat tweets in, which your flat tax treat capital gains as income? guest: my proposal would not. if you get the rate low enough, that would
LINKTV
Dec 26, 2012 7:00pm PST
policy sales because of uncertainty over the fiscal cliff. president obama has cut short his vacation to help reduce the national debt. budget cuts and tax rises will start on january 1. the white house has called on republicans not to block a resolution in congress. severe weather has caused hundreds of holiday flight delays with its sweeping storm system moving east after tornadoes struck for states on christmas day. at least six people have died. >> dallas, texas, where snow is a rarity came as a christmas surprise. it turned white and the motorists struggled with slippery roads. 21 cars and fractured trailers, and eastern ohio, kentucky, and indiana. along with wind gusts of 50 kilometers an hour. the unusual winter phenomenon hit for seven states, 34 tornadoes. this one touchdown in mobile, alabama. it overturned cars and blew out windows. >> it is like this crazy wind, just the whole building is shaking. >> a caused no fatalities, but a thunderstorm fell this tree, killing a driver of this truck. and if no border was buried by an avalanche. the storm system shifts to the eastern
FOX News
Dec 27, 2012 12:00pm PST
we're set to hit the debt ceiling new year's eve, the max amount we're allowed to spend. the current limit is $16.4 trillion. he says the obama administration will work to make sure the u.s. does not default on loans right away but the debate will be another drag on the economy. with us, the chief business correspondent for u.s. news and world report, rick newman, and author of rebounders, how winners pivot from setback to success. talk about the debt ceiling for us, first of all, welcome. talk about the debt ceiling and how it affects us. we here horror scenarios about the red -- credit rating. >> one good thing you can say about reaching the debt limit is it's not a surprise. everybody has known this is coming up. the government will continue to function for a couple more months. emergency measures will be used to keep the money flowing, so to speak. this is unrelated to the fiscal cliff, so it's an additional problem that everybody has to deal with. of course the worst thing is we know how horrible it was the last time the debt ceiling needed to be raised in the summer of 2011, it
CNBC
Dec 27, 2012 4:00am EST
at the end of the year and quickly keep us from hitting the debt ceiling? >> it complicates things now. obama has been insisting that any deal should include a significant fix to the debt ceiling so the government doesn't have to deal with that threat of default for at least another year or two. even the democrats are saying that does not appear something they can get done at least in the next few days. so it means at a minimum we have another several weeks and uncertainty. and i think for markets, they have to start grappling with the idea that even if we go over the fiscal cliff and people start negotiating more intensively, how realistic is that if they couldn't get the deal done in the last six weeks and that they will get it done in the next six weeks? we're looking at a lot of market uncertainty. >> it's clear, too, that it takes that pressure, whether it's pressure in terms of the calendar or form of the markets that takes lawmakers to compromise. we've had calendar pressure. we haven't had as much market pressure maybe because we've had a view that it's going to be okay. but we're sta
FOX Business
Dec 27, 2012 12:00am EST
the treasury and president obama have been wanting to get a debt ceiling increase along with the fiscal cliff deal i think some lawmakers will be skeptical whether next week is really the drop-dead date. adam: it sound a littleit conspiratorial perhaps. lindsey, let me go back to you. fiscal cliff will be only thing we talk about until they go over or we get a deal. what are the chances do we get a deal? will they go over? >> less hand 50% chance at best. remember the president doesn't really have any motivation to concede to a deal unless he can tell his base he was able to raise taxes on the rich. on flipside the republicans will not concede to a deal unless they were able to tell their base they were able to make a discern isable dent in spending. both side are too far apart and they're both comfortable digging in their heels and saying we'll see what happen adam: dan henninger was on the varney show this morning. do you think we'll hit recession if we go over the cliff. probably not. we'll muddle along. do you want to counter your boss? >> he would no more than i do about this. i think wh
FOX News
Dec 27, 2012 2:00pm PST
is more boring than soccer. >> eric: the debt ceiling is more important. >> andrea: but if obama gets his way revenue coming in. [ overauk. this >> eric: you vote the raise it from the house. i'm glad you said pay the bills because it will have women out there, if we go over the fiscal cliff if we go orve the cliff, find a sugar daddy to help you. listen to this. >> instead of feeling powerless, attractive women are improving their situation by dating successful men. seeking arrangement.com over 1 million women discovered beauty is an ascend to transcend any fiscal cliff. on seeking arrangements the average man is 39, college educated and spend over $3,000 pampering the woman he is dating. why date regular guys when it's more fun and rewarding to be with generous men instead? >> bob: where is the sugar momma. >> andrea: i love the line if you feel powerless when you find yourself a sugar daddy. are you offended by this? >> andrea: are they lying? 1 million people out there? don't give you my ail usa name? just kidding. i have never been on the site but it's crazy. shows the state of affai
CSPAN
Dec 27, 2012 1:00pm EST
. obama has led this country. he is about to lead us into another debt downgrade. it should be evident to see what happens when you let partisan democrats like harry reid and nancy pelosi call the shots. >> marty, you are calling on the democrat line. what is your reaction? caller: the president needs to get the republicans come back in from christmas holiday. >> what do you think is gonna happen? >> we are on the verge of a fiscal cliff and they are still on vacation. >> let's go to mike in texas, on our line for republicans. >> i agree with the first guy. i wish they would have a little backbone and force obama and reid into not giving in to them. they need to set a budget and stick with a budget, and what they are trying to do is they want more money so they can increase the debt again, and they are about to run this country, as far as i am content. host: out the you think this will end up? caller: i hope boehner holds to his guns. i think the million-dollar deal is a good deal where anybody making over a million dollars pace a little bit more money, but i do not buy that $250 deal.
MSNBC
Dec 27, 2012 2:30am PST
, the 31st. remember how much fun the last debt ceiling fight was? well, that news comes as president obama rushes home to washington, cutting short his hawaiian vacation in order to resume talks on the fiscal cliff. there are just five days remaining to strike a deal. we'll get to all that in a moment, but first, we begin with a massive winter storm that made holiday travel miserable for millions of americans, including me! winter storm euclid -- what, are we naming snowstorms now? euclid. you can lid? well, euclid blanketed much of the eastern half of the country yesterday, dropping blizzard-like conditions and record snowfall in the midwest, and by late afternoon, euclid moved northeast, bringing traffic to a standstill, forcing the cancellation of more than 1,500 flights on one of the busiest travel days of the year. the weather channel's mike seidel has more on the massive christmas storm. >> reporter: a major snowstorm has dumped over a foot of snow across parts of the midwest. indiana got hit hard. high winds adding to the misery there. >> it's a lot better with the four-wheel-drive,
FOX News
Dec 26, 2012 9:00pm PST
. the republicans are losing the debate on the fiscal cliff. this is obama's economy. let the president and the democrats own it and own the national debt. own the defense cut. instead, boehner and the gang allow the president to star in his own superhero film. he will cut the hawaiian vacation short and come back to save us mere mortal from the fiscal cliff. winning the optics war and winning it big. juan, how did you get the ball back from the republicans? they had it. this was obama's economy, his face calf cliff. now boehner fails on the vote and next thing you know, the ball is in your court. >> juan: i think you are right. i think boehner at the moment looking weaker. he is out of this altogether at the moment. his troops abandoned him. he is okay keeping the speaker on january 3 when the republican caucus vote but you are hearing rumors about eric cantor who is next to him launching some kind of a coop at the moment. i don't know where it goes. but it seems that he is in a position where the republicans in the senate and the white house are really the ones who will negotiate the
FOX News
Dec 26, 2012 11:00pm PST
. this is obama's economy. let the president and the democrats own it and own the national debt. own the defense cut. instead, boehner and the gang allow the president to star in his own superhero film. he will cut the hawaiian vacation short and come back to save us mere mortal from the fiscal cliff. winning the optics war and winning it big. juan, how did you get the ball back from the republicans? they had it. this was obama's economy, his face calf cliff. now boehner fails on the vote and next thing you know, the ball is in your court. >> juan: i think you are right. i think boehner at the moment looking weaker. he is out of this altogether at the moment. his troops abandoned him. he is okay keeping the speaker on january 3 when the republican caucus vote but you are hearing rumors about eric cantor who is next to him launching some kind of a coop at the moment. i don't know where it goes. but it seems that he is in a position where the republicans in the senate and the white house are really the ones who will negotiate the deal. you have ten or 19 in the senate. will he have a vote? >> eric
CNN
Dec 27, 2012 11:00am PST
mess that paralyzed lawmakers, correct? >> absolutely. president obama wanted to bundle up the fiscal cliff with this debt ceiling expanded and talk with the fiscal cliff. republicans didn't want to do that. that was part of the big negotiations. now that we are talking about the small deal, i think the debt ceiling is going to be a separate issue and probably we will have to be talking about this yet again in the spring. thankfully people who are watching right now will already know what's going on. >> lisa, thank you very much. there will be another change in president obama's cabinet heading into his second term. lisa jackson administrator for the environmental protection agency will be stepping out after the state of the union peach next month. jackson cited the epa's progress in food, water, and air quality and also energy independence. jackson started at the agency as a scientist 25 years ago. humans of weapons show up in los angeles. from hand guns to revolvers and rifles and even assault weapons. just a sampling of guns traded for grocery gift cards. efull ap? who do you think
FOX News
Dec 26, 2012 6:00pm PST
. and republicans are losing the debate on the fiscal cliff. they should be saying this. this is obama's economy. let the president and the democrats own it, lets them own the massive exploding national debt, let them own the tax hikes, let them own the defense cuts. instead boehner and the gaining are letth president to star his own superhero film. he's going to come back in and save us from the fiscal cliff while others are puffing marlboros. winning the optics war and winning it big. juan, how do you get the ball back from the democrats? they had it. next thing you know, the ball is in your court. >> i'm going to have to upset you, my friend. i think you are right. i think boehner is at the moment looking weaker. he's out of the talks all together at the moment. no role to play. his own troops have abandoned him. i'm told he's okay of keeping the speaker ship on january 3rd when they vote but you start to hear rumors about eric cantor who you see next to him possibly launching some kind of -- but it seems to me he's in a position the republicans in the senate and the white house are really
FOX News
Dec 27, 2012 6:00am PST
and spend and spend, to hit the debt ceiling and then go blowing through it. there may not be much conversation in washington between speaker boehner and president obama but the democrats control two third of this government. they might think about having a conversation among themselves, the senate and the president, to bring something that might have a chance of resolving these problems and maybe, they better think more about cutting spending before coming to us for more money. gregg: you know what, doug? karl rove wrote an op-ed in "the wall street journal" which he basically says, the president think it is all about him. the more mr. obama makes everything about him, the more stubborn he is likely to be when flexibility would be better. success requires adjustments, including a greater willingness to compromise and seek common ground with his opposition. fair point? >> oh, i think it is a fair point. i think it is a fair point on both sides. we had a framework that did what terry described. it was called bowles-simpson. the president didn't support it. paul ryan didn't support i
FOX
Dec 27, 2012 5:00am PST
in california. >>> president barack obama is currently on air force 1 flying back to washington. he has important information regarding the economic deadline and more on how we are closing in on another financial barrier which is the debt ceiling. new california laws go into effect for the new year's. here is more on what drivers need to knowment. >> reporter: starting on january 1st you will be able to send and receive text if you have a hands free device that is powered by your voice. and they will be able to tell all underaged passenger that drinking is illegal and if alcohol is being transported, a person 25 years old must be on board to make sure they don't drink. the most recent party bus incident, a woman was killed when she fell out of a party bus when there was drinking involved. and they allowed cars with clean air vehicle stickers to be able to use high occupancy toll lanes even if there is just one person in the car. coming up later, a couple of new laws include if you are driving what sort of proof do you need to show to police if they pull to you over. janine de la vega, k
MSNBC
Dec 27, 2012 8:00am PST
haul up his white flag of surrender and roll over every time barack obama wants something. we have a huge problem. it's not our taxes. we're spending way too much money. as your previous guest was just talking about, we're hitting the debt ceiling, 16 trillion, they want to increase it to 18 trillion. by 2022, it will be 25 trillion the at some point this all comes crashing down. >> we already had the debt ceiling issue during the summer of 2011 being taken to the brink of having our credit ratings. based on the fact that neither side could politically come together. that was all in an effort to try to discredit the president so that they could get him out come november of 2012. now, that doesn't happen. the president has a wide mandate to be back in the hoff. why does the tea party not get that? >> you know obama ran on the fact that he would raise taxes. >>> more democrats were votes in. tea party members lost seats in this election. >> liberals lost seats, too. that's what happens every election. if there had been a great groundswell of effort that we have to raise taxes, we hav
KRON
Dec 27, 2012 7:00am PST
.s. debt ceiling- to-timothyguidnr. >> white house as president obama has made several phone calls to congressional leaders to talk about the fiscal cliff. >> the present call harry reid as well as house speaker john baker, senate republican leader mitch mcconnell and house democratic leader nancy pelosi. >> mr. obamas because of four leading for his christmas vacation last night. >> former president george h. w. bush is in intensive care at a houston hospital this morning. >> mr. bush's been hospitalized there since last month with what is being described as a stubborn fever. >> spokesman for its office said that the 88 year-old involved all liquid diet and has been in i see you sunday. >> busch sr. was originally a minute to the hospital for bronchitis like cough. the cough has improved but now the fever is the issue. >> off the mount tam cam shows the view down the coast. we are getting ready for more rain. we will have an update on forecast coming [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps goin
FOX News
Dec 27, 2012 10:00am PST
reasons. first now president obama has all the leverage. after january 1st the leverage shifts to the gop. because president obama perfectly going over the fiscal cliff to blame republicans because he can't default on the debt. he will have to compromise between now and february. second of all the baseline gets reset if the tax cuts expire. everybody will propose a tax cut in january and right now we're fighting whether to increase taxes or not. you can see possibility of a deal seen as win-win for both sides. third, if republicans don't come up with a deal, a bad deal right now, they still have the $800 billion in revenue they put on the table from limiting deductions and loopholes that they can use to buy down rates. so i think the odds are, after january 1 we will get a deal and it will be much more favorable deal to the republican party because we'll have the leverage and president obama won't. heather: simon, basically what mark's laid out there would be more of a bunge jump over the cliff instead after nosedive, what do you think about the possibility, good thing or bad? >> i think
FOX News
Dec 27, 2012 1:00pm PST
policy which shows this economy is not on the right track. >> what do you think about president obama cutting his vacation short, coming back in, maybe to fix something he broke in the first place? >> well, when you sit back and look at where we are with our economy, the amount of debt we've incurred, the fact we've had four straight years of trillion dollars plus deficits, when the president says he wants to raise taxes on those $250,000 or above, that only generates $850 billion over the next ten years. we have had 1.422, 1.29 and on the way to another trillion dollars deficit for these years. what the president is proposing is not pragmatic whatsoever and really is a reflection of him i suppose living in a fantasy world. >> what do you think the deal that speaker boehner offered the president? >> well, i was against the plan b because i don't see this as being a tax revenue increase issue. most important is spending. we could georgia back -- go back to the simpson bowles commission. the most important thing, we have to deal with spending. we live in an america where the federal gov
CNBC
Dec 27, 2012 9:00am EST
will reach the debt screaming on monday. why deciding to put that on the table? obama returning from holiday early? is he a man that this is irrelevant? and the market has a bit [ inaudible ] >> couldinged market is not reading this right, could be the president is coming back for strictly symbolic purposes and don't, in fact, get a deal going into new year's eve. we just don't know at this point. and there's a lot riding on this, on advice yowly, that we can't see from here how we are going to get this deal by monday, what's going to be required is these guys are going to have to come to a deal behind closed doors and announce it publicly, it is going to have to survive the vetting it gets publicly and then it's going to have the votes in both the house and the senate, which are very different bodies, one controlled by republican, the other controlled by democrats and that's going to be a very dicy thing to do but it's going to be a moment of high drama if we get a between now and monday. >> his point about proceed yours is a good one. the president spoke to the business roundtable the othe
Search Results 0 to 21 of about 22